I heard that Adol decided to share his Burning Fist prototype with Good Deal Games, so I decided to send an e-mail to Good Deal games and I got this:
YES, this title is in the works. We have purchased the game and are in the process of finishing up the title. When we took over the project, it simply had 2 player support. We are in the process of adding single-player support, but currently our artificial intelligence needs a bit of work. The game had very slow animated cut-scenes, and we are in the process of speeding up the frame rate. Also, the final boss fight was never completed, and we are working on that as well. No date set just yet, but probably around October - fingers crossed....
Thanks for your interest.
Michael of GDG